Tarsons' Labware has good growth prospects with diagnostics demand

While there is no listed peer to compare with, large and diverse multinational players that dominate the Indian labware industry such as Thermofisher and Corning are trading at PEs of 29.5 and 41.6, respectively.

Synopsis
Kolkata-based Tarsons Products is a small-sized manufacturer of plastic labware including consumables, reusables and benchtop equipment used in laboratories. The company is rolling out a ₹1,024 crore IPO comprising an offer for sale and fresh issue. From the IPO proceeds, ₹78.5 crore shall be used to repay debt and ₹62 crore to partly fund the capex for a new manufacturing facility.

ET Intelligence Group: Kolkata-based Tarsons Products is a small-sized manufacturer of plastic labware including consumables, reusables and benchtop equipment used in laboratories. The company is rolling out a ₹1,024 crore IPO comprising an offer for sale and fresh issue. From the IPO proceeds, ₹78.5 crore shall be used to repay debt and ₹62 crore to partly fund the capex for a new manufacturing facility.BusinessIn business for over three

Kiran Kabtta Somvanshi

ET Bureau

3 mins read, Last Updated:

Nov 15, 2021, 06:49:00 AM IST

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